Exxon Mobil Co. (NYSE:XOM) has received an average recommendation of “Hold” from the twenty-eight analysts that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a sell recommendation, twenty-two have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $53.17.
XOM has been the subject of a number of research reports. Bank of America reaffirmed a “buy” rating and set a $70.00 price target on shares of Exxon Mobil in a research report on Monday, May 4th. Cowen reaffirmed a “hold” rating and set a $34.00 price target on shares of Exxon Mobil in a research report on Thursday, July 2nd. Credit Suisse Group lifted their price target on Exxon Mobil from $37.00 to $45.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Piper Sandler lifted their price target on Exxon Mobil from $46.00 to $49.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Finally, Wells Fargo & Co lifted their price target on Exxon Mobil from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th.
Shares of XOM stock opened at $42.08 on Tuesday. Exxon Mobil has a 1-year low of $30.11 and a 1-year high of $75.66. The stock’s fifty day moving average price is $44.44 and its 200 day moving average price is $48.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.52. The company has a market cap of $177.92 billion, a price-to-earnings ratio of 45.74 and a beta of 1.33.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.61) by ($0.09). Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. The business had revenue of $32.61 billion for the quarter, compared to analysts’ expectations of $38.16 billion. During the same quarter last year, the firm earned $0.61 earnings per share. The firm’s quarterly revenue was down 52.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Exxon Mobil will post -0.38 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 13th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $3.48 dividend on an annualized basis and a yield of 8.27%. Exxon Mobil’s dividend payout ratio is currently 154.67%.
Institutional investors have recently added to or reduced their stakes in the stock. National Asset Management Inc. lifted its holdings in Exxon Mobil by 30.6% in the 2nd quarter. National Asset Management Inc. now owns 131,680 shares of the oil and gas company’s stock valued at $5,889,000 after purchasing an additional 30,836 shares in the last quarter. Comerica Bank lifted its holdings in Exxon Mobil by 5.4% in the 2nd quarter. Comerica Bank now owns 1,322,258 shares of the oil and gas company’s stock valued at $57,664,000 after purchasing an additional 67,601 shares in the last quarter. Valmark Advisers Inc. lifted its holdings in Exxon Mobil by 3.8% in the 2nd quarter. Valmark Advisers Inc. now owns 30,916 shares of the oil and gas company’s stock valued at $1,383,000 after purchasing an additional 1,146 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA lifted its holdings in Exxon Mobil by 1.3% in the 2nd quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 70,097 shares of the oil and gas company’s stock valued at $3,053,000 after purchasing an additional 881 shares in the last quarter. Finally, ARGA Investment Management LP purchased a new position in Exxon Mobil in the 2nd quarter valued at $605,000. 52.16% of the stock is currently owned by hedge funds and other institutional investors.
About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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